Azerbaijan (AZE) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Azerbaijan-North Macedonia Trade: In 2022, Azerbaijan exported $152k to North Macedonia. The main products that Azerbaijan exported to North Macedonia were Ethylene Polymers ($127k), Tropical Fruits ($13.2k), and Acyclic Alcohols ($11.8k). Over the past 5 years the exports of Azerbaijan to North Macedonia have increased at an annualized rate of 93.7%, from $5.58k in 2017 to $152k in 2022.

In 2022, Azerbaijan did not export any services to North Macedonia.

North Macedonia-Azerbaijan Trade: In 2022, North Macedonia exported $1.78M to Azerbaijan. The main products that North Macedonia exported to Azerbaijan were Medical Instruments ($741k), Raw Tobacco ($501k), and Packaged Medicaments ($256k). Over the past 5 years the exports of North Macedonia to Azerbaijan have increased at an annualized rate of 13.4%, from $949k in 2017 to $1.78M in 2022.

In 2022, North Macedonia did not export any services to Azerbaijan.

Comparison: In 2022, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $152k to North Macedonia. The main products exported from Azerbaijan to North Macedonia were Ethylene Polymers ($127k), Tropical Fruits ($13.2k), and Acyclic Alcohols ($11.8k). During the last 5 years the exports of Azerbaijan to North Macedonia have increased at an annualized rate of 93.7%, from $5.58k in 2017 to $152k in 2022.

In 2017, North Macedonia exported $1.78M to Azerbaijan. The main products exported from North Macedonia to Azerbaijan were Medical Instruments ($741k), Raw Tobacco ($501k), and Packaged Medicaments ($256k). During the last 5 years the exports of North Macedonia to Azerbaijan have increased at an annualized rate of 13.4%, from $949k in 2022 to $1.78M in 2017.

Exports from Azerbaijan () to North Macedonia () (2022)

Exports from North Macedonia () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and North Macedonia ()

Azerbaijan Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

North Macedonia
Top DestinationGermany$3.96B

This map shows whether countries import more from Azerbaijan or North Macedonia. Each country is colored based on the difference in imports they receive from Azerbaijan and North Macedonia or the difference in the growth in imports.

In 2022, countries that imported more from Azerbaijan than North Macedonia included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2022, countries that imported more from North Macedonia than Azerbaijan included Germany ($3.96B), Serbia ($800M), and Hungary ($277M).

Difference in imports from North Macedonia () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Azerbaijan and North Macedonia by product, considering products traded by both, Azerbaijan and North Macedonia.

During 2022, Azerbaijan had a large net trade with North Macedonia in the exports of Plastics and Rubbers ($127k), Vegetable Products ($13.2k), and Chemical Products ($11.8k).

During 2017, North Macedonia had a large net trade with Azerbaijan in the exports of Instruments ($742k), Foodstuffs ($508k), and Chemical Products ($258k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan North Macedonia+$158kEthylene Polymers

Top Product Potential North Macedonia Azerbaijan+$412kPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Azerbaijan and North Macedonia. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over North Macedonia. Similarly, a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Azerbaijan.

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to North Macedonia () (2022)

Exports from North Macedonia () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and North Macedonia ()

Azerbaijan Exports

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Azerbaijan () (2022)

Comparative Advantage Azerbaijan - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and North Macedonia () (2022)

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